kabutan

Ray, 42% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 5 Yen

Tue Apr 14, 2026 3:30 pm JST Earnings

4317 Ray Corporation 【J-GAAP】

Earnings Report

Ray Corporation <4317> [TSE Std] announced its financial results after the market closed on April 14th (15:30). The consolidated ordinary profit for the fiscal year ended February 2026 expanded to 81.8% from the previous period to 1.90 billion yen. However, for the fiscal year ending February 2027, the consolidated ordinary profit is expected to drop by 42.4% from the previous period to 1.10 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 15 yen, a decrease of 5 yen from the previous fiscal year.

In the most recent three-month period, from December to February (4Q), the consolidated ordinary profit decreased to 0.39 billion yen, a 13.5% decrease compared to the same period last year. The operating profit margin decreased from 14.4% in the same period last year to 10.2%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 11,222 1,152 1,311 818 57.3 15 Apr 12, 2024 J-GAAP
Feb, 2025 10,456 927 1,050 745 54.1 15 Apr 14, 2025 J-GAAP
Feb, 2026 13,419 1,756 1,909 1,303 98.6 20 Apr 14, 2026 J-GAAP
YoY +28.3% +89.4% +81.8% +74.9% +82.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2026 Guidance 13,400 1,600 1,750 1,200 91.2 20 Feb 19, 2026 J-GAAP
Feb, 2026 Results 13,419 1,756 1,909 1,303 98.6 20 Apr 14, 2026 J-GAAP
Revision Rate +0.1% +9.8% +9.1% +8.6% +8.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2025 5,845 708 778 547 41.2 0 Oct 14, 2025 J-GAAP
Mar - Aug, 2026 Guidance 5,500 350 400 280 21.3 0 Apr 14, 2026 J-GAAP
YoY -5.9% -50.6% -48.6% -48.8% -48.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 10,456 927 1,050 745 54.1 15 Apr 14, 2025 J-GAAP
Feb, 2026 13,419 1,756 1,909 1,303 98.6 20 Apr 14, 2026 J-GAAP
Feb, 2027 Guidance 13,000 1,000 1,100 820 62.3 15 Apr 14, 2026 J-GAAP
YoY -3.1% -43.1% -42.4% -37.1% -36.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2024 3,084 445 459 323 23.5 14.4 Apr 14, 2025 J-GAAP
Mar - May, 2025 3,217 490 520 364 27.2 15.2 Jul 14, 2025 J-GAAP
Jun - Aug, 2025 2,628 218 258 183 13.8 8.3 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 4,289 714 734 476 36.0 16.6 Jan 13, 2026 J-GAAP
Dec - Feb, 2025 3,285 334 397 280 21.2 10.2 Apr 14, 2026 J-GAAP
YoY +6.5% -24.9% -13.5% -13.3% -9.6%

Related Articles